Blue Owl Said in Talks to Buy IPI Partners for About $1 Billion

Blue Owl Capital Inc. is in talks to acquire IPI Partners, a firm that invests in data centers and other digital infrastructure, for about $1 billion, according to people with knowledge of the matter.

A deal, should it be finalized, could be announced this month, said one of the people, who asked not to be identified discussing confidential information. Terms could change and talks could still fall apart.

A spokesman for Blue Owl, based in New York, declined to comment. Chicago-based IPI didn’t immediately respond to requests for comment.

IPI, led by managing partner Matt A’Hearn, is a ...